LifeLock 2013 Annual Report Download - page 37

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The following selected financial data should be read together with “Management’s Discussion and Analysis of Financial Condition and Results of
Operations” and our consolidated financial statements and related notes included elsewhere in this Annual Report on Form 10-K. Our historical results are not
necessarily indicative of the results that should be expected in the future and the selected financial data is not intended to replace the consolidated financial
statements.
We have derived the consolidated statements of operations data for the years ended December 31, 2013, 2012, and 2011 and the consolidated balance
sheet data as of December 31, 2013 and 2012 from our audited consolidated financial statements included elsewhere in this Annual Report on Form 10-K. We
have derived the consolidated statements of operations data for the years ended December 31, 2010 and 2009 and the consolidated balance sheet data as of
December 31, 2011, 2010, and 2009 from our audited consolida ted financial statements not included in this Annual Report on Form 10-K. Our historical
results are not necessarily indicative of the results that should be expected in the future and the selected financial data is not intended to replace the consolidated
financial statements and related notes included elsewhere in this Annual Report on Form 10-K.
On December 11, 2013, we completed our acquisition of Lemon. On March 14, 2012, we completed our acquisition of ID Analytics. The consolidated
statements of operations data for the years ended December 31, 2013 and 2012 only include the results for ID Lemon and ID Analytics since the respective
dates of acquisition.
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         
   
Revenue:                     
Consumer revenue $340,121 $ 254,678 $ 193,949 $ 162,279 $ 131,368
Enterprise revenue 29,537 21,750 - - -
Total revenue 369,658 276,428 193,949 162,279 131,368
Cost of services (1) 100,249 79,916 62,630 51,445 43,109
Gross profit 269,409 196,512 131,319 110,834 88,259
Costs and expenses:
Sales and marketing (1) 162,891 122,989 91,217 78,844 77,815
Technology and development (1) 40,947 29,543 17,749 21,338 19,925
General and administrative (1) 44,070 24,629 17,510 23,306 45,900
Amortization of acquired intangible assets 7,909 6,258 - - -
Total costs and expenses 255,817 183,419 126,476 123,488 143,640
Income (loss) from operations 13,592 13,093 4,843 (12,654) (55,381)
Other income (expense):
Interest expense (353) (3,677) (231) (1,368) (1,385)
Interest income 124 30 8 28 110
Change in fair value of warrant liabilities - 3,117 (8,658) (1,333) (1,919)
Change in fair value of embedded derivative - (2,785) - - -
Other (21) (5) (5) (41) (49)
Total other expense (250) (3,320) (8,886) (2,714) (3,243)
Income (loss) before provision for income taxes 13,342 9,773 (4,043) (15,368) (58,624)
Income tax expense (benefit) (39,109) (13,730) 214 8 39
Net income (loss) 52,451 23,503 (4,257) (15,376) (58,663)
Accretion of convertible redeemable preferred stock - (9,378) (18,926) (16,145) (10,299)
Contingent beneficial conversion feature - (2,452) - - -
Net income allocable to convertible redeemable preferred stockholders - (5,504) - - -
Net income available (loss attributable) to common stockholders $ 52,451 $ 6,169 $ (23,183) $ (31,521) $ (68,962)
Net income available (loss attributable) per share to common stockholders:
Basic $ 0.59 $ 0.18 $ (1.24) $ (1.74) $ (3.86)
Diluted $ 0.55 $ 0.09 $ (1.24) $ (1.74) $ (3.86)
Weighted-average common shares outstanding:
Basic 88,636 35,082 18,725 18,068 17,843
Diluted 95,946 62,191 18,725 18,068 17,843
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